Barrington, IL (PRWEB) October 01, 2012
Stoneleigh Companies, LLC and U.S. Bank Commercial Real Estate announce the closing of the construction loan for the 298 unit apartment project called M2 Apartments on Balsam Way in Denver, Colorado.
Rick Cavenaugh, President of Stoneleigh, stated, “U.S. Bank is providing the construction loan for the project and our investment partner is Arris Investments. The strength of the Colorado multi-family market, coupled with two great institutions as our partners, will make M2 Apartments the best new community available to the residents of Denver and Littleton, Colorado. The closing process for this project has been one of our best to date.”
About U.S. Bank Commercial Real Estate
U.S. Bank Commercial Real Estate specializes in providing creative credit and non-credit financial solutions for real estate developers, REITs, and commercial property owners across the United States. U.S. Bank offers such services as construction/development lending, property acquisition lending, refinancing, lines of credit, and syndications. With an employee base of 400 professionals in 24 offices, U.S. Bank Commercial Real Estate builds long-term relationships designed to help American businesses grow.
About U.S. Bank
Minneapolis-based U.S. Bancorp (NYSE: USB), with $353 billion in assets as of June 30, 2012, is the parent company of U.S. Bank National Association, the fifth-largest commercial bank in the United States. The company operates 3,080 banking offices in 25 states and 5,085 ATMs and provides a comprehensive line of banking, brokerage, insurance, investment, mortgage, trust and payment services products to consumers, businesses and institutions. U.S. Bancorp and its employees are dedicated to improving the communities they serve, for which the company earned the 2011 Spirit of America Award, the highest honor bestowed on a company by United Way. Visit U.S. Bancorp on the web at http://www.usbank.com.
Phone: (224) 770-4600
Assistant Vice President
U.S. Bank Commercial Real Estate
Phone: (312) 325-8896
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